Ray J Lands $31 Million Deal To Launch RayCon Global
photo credit: Prince Williams l Getty Images
Ray J has just landed a crazy $31 Million deal to launch his brand new electronic brand Raycon.
The Love & Hip Hop Star has been winning lately on the t.v. forefront with a recent appearance on FOX’s The Real, he also just teamed up for a forthcoming track with Lil Boosie, and it is now being reported that the R&B crooner will be cashing in for his entrepreneurial Scoot-E-Bike product.
Launched back in 2015, the two-wheel electrical vehicle has been popular amongst Ray’s celeb friends and now the new deal will bring in more production of the bike.
According to BusinessWire.com, ‘The 31 million deal, paid in the form of equity and cash, was finalized between Ray J and Cowboy Wholesale, a leading distributor of consumer electronics based in New York City. Ray j takes an active full-time role in the newly formed partnership..'